Camtek (CAMT) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Mon, May 4, 2026 astatine 11:50 AM CDT 32 min read

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Date

Wednesday, Feb. 18, 2026 astatine 9 a.m. ET

Call participants

• Chief Executive Officer — Rafi Amit

• Chief Financial Officer — Moshe Eisenberg

• Chief Operating Officer — Ramy Langer

• Investor Relations — Kenny Green

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Full Conference Call Transcript

Kenny Green: Ladies and gentlemen, convey you for lasting by. I would similar to invited each of you to Camtek's Results Zoom Webinar. My sanction is Kenny Green, and I'm portion of the Investor Relations squad astatine Camtek. [Operator Instructions] I would similar to punctual everyone that this league telephone is being recorded, and the signaling volition beryllium disposable from the nexus successful the net property merchandise and connected Camtek's website from tomorrow. You should person each received by present the company's property release. If not, delight presumption it connected the company's website. With maine contiguous connected the call, we person Mr. Rafi Amit, CEO; Mr. Moshe Eisenberg, CFO; and Mr. Ramy Langer, COO.

Rafi has a acold and has mislaid his voice. So Ramy volition beryllium providing the opening remarks followed by Moshe, who volition past summarize the fiscal results of the quarter. Following that, we volition unfastened the telephone for the question-and-answer session. Before we begin, I'd similar to punctual you that the statements made by absorption connected this telephone volition incorporate forward-looking statements wrong the meaning of the national securities laws. Those statements are taxable to a scope of changes, risks and uncertainties that tin origin existent results to alteration materially.

For much accusation regarding the hazard factors that whitethorn interaction Camtek's results, delight reappraisal Camtek's net merchandise and SEC filings and specifically the forward-looking statements and hazard factors identified successful the results property merchandise issued earlier contiguous and specified different factors discussed successful Camtek's astir caller yearly study connected SEC Form 20-F. Camtek does not undertake the work to update these forward-looking statements successful airy of caller accusation oregon aboriginal events. Today's treatment of the fiscal results volition beryllium presented connected a non-GAAP fiscal ground unless different specified. As a reminder, a elaborate reconciliation betwixt GAAP and non-GAAP fiscal results tin beryllium recovered successful today's net release. And present I'd similar to manus the telephone implicit to Mr.

Ramy Langer, Camtek's COO. Ramy, delight spell ahead.

Ramy Langer: Thanks, Kenny. Hello, everyone. Camtek concluded the 4th fourth and afloat twelvemonth with grounds results. Fourth 4th revenues reached a quarterly grounds of $128 million, representing an summation of 9% year-over-year. Gross borderline was 51% and operating borderline was 29%. For the afloat year, I'm excited with our revenues, which totaled $496 million, reflecting 16% year-over-year growth. Gross borderline was 51.6% and operating borderline reached 30%. These results bring america to our milestone of $0.5 cardinal successful revenues. In presumption of gross premix for the afloat year, astir 50% was driven by AI-related products, 20% came from the different precocious packaging applications. The remaining gross was distributed crossed CMOS representation sensors, compound semiconductors, front-end and wide 2D applications.